India, Oct. 15 -- India will continue to be the fastest growing major economy in the world and do better than it was expected to in July, the IMF said in its World Economic Outlook (WEO) released on Tuesday. India's projected GDP growth for 2025-26 is 6.6%, 20 basis points more than what it was in WEO's July projections. One basis point is one hundredth of a percentage point. To be sure, the 2026-27 GDP growth forecast for India has been brought down by 20 basis points compared to the July projection to 6.2%. The IMF's latest growth projection for India is slightly lower than the 6.8% forecast by the RBI in its MPC resolution released earlier this month.

"Carryover from a strong first quarter more than offsetting the increase in the US e...